Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up After Analyst Upgrade

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped up prior to trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $30.95, but opened at $33.08. Kawasaki Heavy Industries shares last traded at $33.00, with a volume of 2,510 shares changing hands.

Kawasaki Heavy Industries Trading Up 1.9%

The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $28.28 and its 200 day moving average is $27.77. The stock has a market cap of $14.54 billion, a PE ratio of 22.69 and a beta of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.